Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 88340, New Mexico?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 88340, New Mexico (ZIP 88340) is $330/month (±$96), based on Census ACS 5-Year estimates (2024). The median home value is $48,600 (±$7,815), and the median household income is $36,927/year. The unemployment rate in Otero County, New Mexico was 4.7% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 88340
| Metric | Value |
|---|---|
| Median Gross Rent | $330 |
| Median Home Value | $48,600 |
| Median Household Income | $36,927 |
| Total Housing Units | 890 |
| Renter-Occupied Units | 253 |
| Renter-Occupied Share | 28% |
| Households Paying 50%+ Income | 18 households |
| Unemployment Rate(April 2026) | 4.7% |
How does ZIP 88340 compare?
Median gross rent ranked against all ZIP codes in New Mexico.
Higher rent than 1% of ZIP codes in New Mexico · 173th of 173
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 87043 | $2,717 |
| 2 | ZCTA5 87122 | $2,534 |
| 3 | ZCTA5 87116 | $1,766 |
| … 167 more … | ||
| 171 | ZCTA5 88029 | $414 |
| 172 | ZCTA5 88119 | $387 |
| 173 | ZCTA5 88340(you are here) | $330 |
Geography
ZIP 88340 is in Otero County, New Mexico.
It covers part of Mescalero CDP city, New Mexico.
More data for ZCTA5 88340
Browse by State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Frequently asked questions
What is the average rent in ZCTA5 88340, New Mexico?
The median gross rent in ZCTA5 88340, New Mexico (ZIP 88340) is $330/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 88340, New Mexico?
The median rent for a 2-bedroom in ZCTA5 88340, New Mexico is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 88340, New Mexico?
The median home value in ZCTA5 88340, New Mexico (ZIP 88340) is $48,600 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 88340 are rent-burdened?
In ZCTA5 88340, New Mexico, 18 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 88340, New Mexico?
The median household income in ZCTA5 88340, New Mexico is $36,927/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $330 has a margin of error of ±$96. In very small areas, MOEs can be large relative to the estimate.
Managing rental properties?
Tenanture helps property managers reply to every inbound lead, qualify applicants against your rules, and handle tenant inquiries automatically.
Get started free